Estate and Probate Appraisal

The loss of a loved one can be a difficult time for anyone. It is often challenging and confusing for the person or persons' dealing with the estate such as the executor or executrix. Many times real prpoerty is the bulk of an estate and a value will be needed for the attorney's handling the estate, tax filings, and many time the presentation for heirs.

An appraisal is required to determine fair market value. Most often, the value is determined as the date fo the death and not the date the appraiser inspects the property. Keep in mind that any improvements done to the property after the date of death will not reflect in the appraisal report.

As someone handling the estate, you have been entrusted to carry out the process swiftly and as precisely as possible. Using an experienced appraiser who is famiiar with estate appraising can help that happen. Before deciding on an appraiser, ask about their experience and familiarity with this type of assignment. Aso confirm with them about if they are licenced in the state that te property is located in, and make sure they can complete the assignment in a timely manner.

he process of probating is when the court supervises the process that transfers the legal title of the property from the estate of the person who had died to his or her beneficiaries.